Accounting Quiz 1 - Part 1 of 1 100.0 100.0 Points Question...

This preview shows page 1 - 3 out of 7 pages.

Part 1 of 1 - 100.0/ 100.0 PointsQuestion 1 of 205.0/ 5.0 PointsIf total liabilities are $18,000 and owner's equity is $21,000, the total assets must be __________.A. $39,000B. $5,000C. $20,000D. $17,000
Question 2 of 205.0/ 5.0 PointsWhich of the following is a characteristic of a sole proprietorship?
Question 3 of 205.0/ 5.0 PointsWhich of the following transactions would cause one asset to increase and another asset to decrease?
Question 4 of 205.0/ 5.0 PointsMary invested cash in her new business. What effect will this have?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture